Morgan Stanley analyst Ravi Shanker raised the price target on Old Dominion Freight Line (NASDAQ: ODFL) to $170.00 (from $165.00) while maintaining a Equalweight rating.

The analyst comments "ODFL’s 4Q was mostly in-line but 1Q was an upside surprise, which drove short covering in the stock. We continue to see risk reward as balanced here with cautious investor positioning and valuation vs history mid-pack vs. peers."